JPMorgan CEO Jamie Dimon says succession plan at Wall Street’s largest bank is ‘well on the way’

Jamie Dimon has long joked that his retirement is five years away, no matter when he’s asked. But not on Monday.

The CEO of JPMorgan Chase told shareholders the timetable is “not five years any more”, in response to a question about how long he planned to remain CEO. The largest US bank is “well on the way” with its succession plans, he said during the firm’s investor day.